Auto loans declined by 7.6 percent while property financing increased 2.9 percent during 2019, according to the statistics of the Central Bank of the United Arab Emirates. The apex bank’s figures indicated a drop of 2.3 pct in retail loans allocated to households in a sign reflective of an increased tendency toward spend optimization among
The Federal Authority For Identity and Citizenship has started re-issuing visas for domestic workers into the country. In a statement on Monday, the Authority also announced that it is to resume issuing entry permits for employees working for the country’s government and semi-government organisations and other vital sectors. The resumption of this service is within
Etisalat and du announced plans to roll out special offers developed with the support of the Frontline Heroes Office to help frontline professionals nationwide stay connected to family and friends at home and abroad while protecting the nation through the COVID-19 pandemic. The UAE telecommunications providers have been actively collaborating with government partners to help
THE British Council UAE, the UK’s international organisaton for cultural relations and educational opportunities, has appointed Aída Salamanca MBE, asits new Director. She will lead a 195-strong team in Dubai, Abu Dhabi and Sharjah, working across arts and culture, education and the English language, building relationships between the UK and the UAE. To welcome her
The Coronavirus outbreak has led to tectonic shifts in individuals’ personal financial situations. With plunging stocks and many people out of work, managing finances is a top priority among people. Amidst an environment of economic distress, banks in the UAE have rolled out a stimulus package offering financial relief to their customers and businesses. YouGov’s
In its continuous efforts to combat television piracy, OSN and Abu Dhabi Police joined forces earlier this month to raid three shops located in the main satellite market in Electra Street, Abu Dhabi. The raid resulted in the confiscation of 202 pirate devices, the arrest of three individuals and three shops sealed. The raid followed
Mashreq, one of the leading financial institutions in the UAE, and noon.com, the region’s premier homegrown e-commerce platform, have announced a long-term strategic partnership to redefine the digital payments experience for UAE consumers. Aligned with the UAE Vision 2021, the partnership endeavors to support the evolving needs of customers in a hyper-digital world. The joint venture
